Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Vishay IntertechnologyVSH -1.02%65 Graham Number is $3.10 as of Mar. 2026, which is 216% above its 10-year median of 0.98. GuruFocus rates VSH with a GF Score™ of 65/100 and a GF Value™ of $21.10 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 658 Semiconductors companies, Vishay Intertechnology ranks worse than 91.49% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
The historical rank and industry rank for Vishay Intertechnology's Graham Number or its related term are showing as below:
VSH'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.62 Med: 0.98 Max: 11.76
Current: 11.64
During the past 13 years, the highest Price to Graham Number ratio of Vishay Intertechnology was 11.76. The lowest was 0.62. And the median was 0.98.
VSH's Price-to-Graham-Number is ranked worse than 91.49% of 658
companies
in the Semiconductors industry
Industry Median: 2.89
vs VSH: 11.64
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Vishay Intertechnology (NYSE:VSH) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Vishay Intertechnology's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
36.07
/
3.10
=
11.62
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Vishay Intertechnology Graham Number Related Terms
Vishay Intertechnology Graham Number Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Semiconductors subindustry, Vishay Intertechnology's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Vishay Intertechnology Price-to-Graham-Number vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Vishay Intertechnology's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Vishay Intertechnology's Price-to-Graham-Number falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Vishay Intertechnology (VSH) has a Graham Number of $3.10 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Vishay Intertechnology and its competitors. This is 216% above median its historical median of 0.98. Over the past decade, Vishay Intertechnology's Graham Number has ranged from 0.62 to 11.76. According to the industry distribution chart, Vishay Intertechnology ranks #602 out of 658 companies in the Semiconductors industry, placing it in the top 91.5%.
Is Vishay Intertechnology's Graham Number too high?
Vishay Intertechnology's current Graham Number of $3.10 is 216% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 11.76. The Semiconductors industry median Graham Number is 2.89. Vishay Intertechnology's value of $3.10 is 7.3% above this industry median. Based on the distribution chart, Vishay Intertechnology ranks #602 out of 658 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Vishay Intertechnology has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vishay Intertechnology's Graham Number compare to CRUS and SLAB?
According to the Semiconductors industry distribution chart, Vishay Intertechnology ranks #602 out of 658 companies for Graham Number. This places Vishay Intertechnology in the lower half of its industry. The industry median Graham Number is 2.89. Vishay Intertechnology's value of $3.10 is 7.3% above this benchmark. Historically, Vishay Intertechnology's own Graham Number has ranged from 0.62 to 11.76 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 2.89, Vishay Intertechnology has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Semiconductors company?
The median Graham Number among Semiconductors companies is 2.89, based on 658 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vishay Intertechnology's current Graham Number of $3.10 is 7.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Vishay Intertechnology and its competitors. For the Semiconductors industry, the median Graham Number is 2.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vishay Intertechnology's current Graham Number is $3.10, which is 216% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vishay Intertechnology stock overvalued right now?
Based on GuruFocus' analysis, Vishay Intertechnology (VSH) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.10, compared to a current price of $36.07 — trading 70.9% above its estimated fair value. The current Graham Number is $3.10, which is 216% above median its 10-year median of 0.98 and 7.3% above the Semiconductors industry median of 2.89. Vishay Intertechnology's overall GF Score™ is 65/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Vishay Intertechnology (VSH), the current Graham Number is $3.10 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Vishay Intertechnology (VSH) Overvalued in 2026?
Based on GuruFocus' analysis, Vishay Intertechnology stock appears to be overvalued.
The current stock price of $36.07 is trading 70.9% above its estimated GF Value™ of $21.10.
GuruFocus considers Vishay Intertechnology to be Significantly Overvalued.
Key valuation signals for VSH:
Graham Number: $3.10 (216% above median its 10-year median of 0.98)
GF Value™: $21.10 vs. price of $36.07 (70.9% above fair value)
Industry Position: 7.3% above the Semiconductors median (#602 of 658)
No single metric tells the full story. See the VSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vishay Intertechnology Inc provides a broad product portfolio of discrete semiconductors and passive electronic components to original equipment manufacturers and distributors. These products are found in industrial, computing, automotive, consumer, telecommunications, power supplies, military, aerospace, and medical markets and serve customer all over the world. Its product segments consist of two general classes: semiconductors and passive components. The company's operating segment includes metal oxide semiconductor field-effect transistors, diodes, optoelectronic components, resistors, inductors, and capacitors. Revenue mainly comes from resistors, which are basic components used in all forms of electronic circuitry to adjust and regulate levels of voltage and current.
65GF Score
Get the complete analysis for VSH
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
VSH has been successfully added to your 
